American Water Files Registration Statement for Initial Public Offering.

VOORHEES, N.J. -- American Water Works Company, Inc. (American Water) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) related to a proposed initial public offering of its common stock. The company intends to apply to list its common stock on the New York Stock Exchange. All of the shares in the offering will be sold by the selling stockholder, a subsidiary of RWE AG. RWE AG intends to fully divest its shares in American Water in one or more offerings.

Goldman, Sachs & Co., Citi, and Merrill Lynch & Co. will act as joint book-running managers of the proposed offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the American Water prospectus, when available, may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention: Prospectus Department (Tel: [phone]); Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (Tel: [phone]; Fax: [phone]); or Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department (Tel: [phone]).

With headquarters in Voorhees, N.J., American Water employs approximately 6,900 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16.2 million people in 32 states and Ontario, Canada.